2014 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 8 - Investment Securities
Part 4 - Registration
§ 47-8-406 - Obligation to issuer of destroyed, or wrongfully taken security certificate.

TN Code § 47-8-406 (2014) What's This?

If a security certificate has been lost, apparently destroyed, or wrongfully taken, and the owner fails to notify the issuer of that fact within a reasonable time after the owner has notice of it and the issuer registers a transfer of the security before receiving notification, the owner may not assert against the issuer a claim for registering the transfer under § 47-8-404 or a claim to a new security certificate under § 47-8-405.

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